On2 Technologies, a major player in the video compression space, is being acquired by Google in a stock deal worth approximately $106.5mn.

On2 may not be a recognizable brand but it's arguably amongst the most important companies on the web as its proprietary video codecs are used extensively in the online video space. Its VP6, VP7 and VP8 codecs have brought high-quality (and high-definition) video to computer screens all over the world.